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T-Mobile to pay $350m in settlement
T-Mobile disclosed the data breach last August
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Evergrande CEO, CFO step down
Global investors have turned their attention to the Chinese developer’s cash flow problems
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China’s C919 jet nears certification
That would mark a milestone in China’s ambitions to climb up the manufacturing supply chain
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Stocks slump due to political turmoil
Benchmark KSE-100 index drops 1,998 points to settle at 40,077
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VW CEO ousted after tumultuous tenure
New chief executive will take over from September 1
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Cabinet fails to allocate gas
Members oppose supply to fertiliser plant, say provinces should be given preference
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Telecom firms merge operations in $19b deal
Tie-up creates heavyweight, posing challenge to top player in Spain
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Industrialists decry 48-hour gas outage
Export units in SITE facing shutdown as gas pressure remains zero
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E-commerce market projected to cross $7b
Businessmen asked to tap Amazon platform to achieve better growth
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Energy import bill likely to fall $2.5b
Country expects oil price to decrease to $75 in global market
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Free trade imperative for growth
Govt is promoting exports by tapping new markets, resolving business issues
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Pakistan’s exports to China swell 11% in H1
Data reveals shipments cross $1.9 billion in Jan-Jun 2022
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Miftah says housing loan scheme to continue
He said the government would also ask banks to reduce the interest rate they were charging
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Oil stable as EU tweaks sanctions
European bloc allows Russian oil shipments to third countries
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Govt restores slab-based CGT
Increases capital gains tax to 15% on sale of shares within one year of purchase
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Auto financing rises before tax hike
Slowdown, however, started emerging on back of higher financing rates
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Rupee depreciates another 0.68% to 228.37
Market talk suggests currency has recorded largest drop this week since 1998
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Proposal for lower petroleum levy rejected
Finance ministry increases levy on LPG in budget to collect Rs8b in FY23
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Conflicting signals on actual growth rate
ADB report says economy to make slight recovery in FY2022-23
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Call to declare economic emergency
Businessmen ask PM to call NEC meeting to make day-to-day decisions on economy
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Law Division finds Hubco undertaking inadequate
Undertaking has been sought to establish financial strength of Eni asset buyers
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IT force required to tackle cyberattacks
President Alvi says cybersecurity a must for countries as well as MNCs
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US vows support for startups, entrepreneurs
Highlights five times increase in fund raising by new companies
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FDI hits 20-month high in June
Foreign investors pour $271.1m mainly in power, communication, financial sectors
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Hyundai raises vehicle prices by Rs1.1 million
Analysts blame sharp currency depreciation for price hike
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K-Electric seeks Rs11.38 per unit tariff hike
Public hearing on company’s petition will be held on July 28
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Rupee loses ground for fourth day in a row
Sheds 0.83% to new low at Rs226.81, but pace of decline eases
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SBP’s forex reserves fall $389m to $9.3b
Decline came due to external debt repayments
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Govt works on increasing FDI
Total Parco CEO discussed economic situation of the country
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Gold hits over one-year low
Spot gold fell 0.8% to $1,682.49 per ounce by 1106 GMT
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Nokia sees chip shortage easing
The strong performance sent its shares up as much as 7%
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Rupee extends fall, depreciates 1.3%
Reaches new all-time low at Rs224.92 against greenback
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Deal with friendly country eludes govt
Miftah admits he has nothing concrete to offer at second presser in as many days
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PM Shehbaz wants early IMF meeting to quell volatility
Finance Minister Miftah Ismail says panic in the market is primarily due to political turmoil
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Europe races to cut Russian gas use
Sets out plans for countries to reduce consumption by 15% until March
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Oil slips on lacklustre US gasoline demand
Gasoline inventories rose 3.5m barrels last week, exceeding forecasts
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Leather exports increase 10%
Exports of other leather goods increased 12.61% and reached $18,654
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European stocks retreat, euro dips
There is a feeling that the sell-off across markets could be reaching a bottom
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US home sales fall in June
The median national home price continued to rise, hitting $416,000 last month, the data showed.
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Exports to Italy touch record $1.1b
European nation becomes seventh billion-dollar market for Pakistan
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Govt to facilitate marble sector growth, exports
Miftah agrees fixed tax regime will be introduced for industry
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Prudent policy for chemical industry sought
Experts believe policy will help substitute imports, save forex
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Rs100m to be spent to identify minerals
Under the project, govt will undertake geological mapping in Balochistan
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ECC okays wheat, urea import
Agrees to tariff increase of Rs1.55 per unit for K-Electric consumers
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Textile exports surge to $19.3 billion in FY22
Shipments grow 26% due to sharp rise in global demand
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Russia may restart gas exports to Europe on schedule
Nord Stream 1 pipeline was earlier shut for annual maintenance
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Oil steady as market balances fears
Economic slowdown worries offset tight supplies, weaker dollar
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Norway keen to promote ties
The minister exchanged views with the envoy on matters of mutual interest
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SBP board may become dysfunctional
Out of existing five members of board, three are retiring on Friday
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Shariah principles in banking discussed
Religious scholars propose creation of Islamic financing section in finance ministry













































